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70 • THE AUSTRALIAN LOCAL GOVERNMENT YEARBOOK EDITION 23
RENEWABLE ENERGY
hare of renewables in the global
2030 could save the global economy
illion annually by 2030 -- or 15
n the costs -- according to a new
ternational Renewable Energy
1).
T port, Roadmap for a Renewable Energy Future,
analyses 40 countries, including Australia, that together
use 80 per cent of global energy. It finds that collectively
increasing renewable energy from just over 18 per cent today to
as much as 36 per cent by 2030 would cost countries an extra
US$290 billion per year, but save them 15 times that amount. In
order to achieve this, the report authors conclude that the rate
of renewable energy deployment must increase sixfold.
'Achieving a doubling is not only feasible -- it is cheaper than
not doing so,' says IRENA Director-General Adnan Z. Amin. '[This
report] shows this is not only the most economic pathway, but
also the most socially and environmentally conscious. It would
create more jobs, save millions of lives [through] reduced air
pollution, and set us on a pathway to limit global temperature
rise to two degrees; as agreed in Paris.'
The report outlines the key benefits of doubling renewables.
These include:
• limiting average global temperature rise to two degrees
Celsius above pre-industrial levels (when coupled with
energy efficiency)
• avoiding up to 12 gigatonnes of energy-related CO2
emissions in 2030 -- five times higher than the pledges that
countries have already made
• creating 24.4 million jobs in the renewable energy sector by
2030, compared to 9.2 million in 2014
Renewable energy to
save trillions in the future
By Dinah Arndt, Climate Media Centre